The Q3 2017 EPS Estimates for United Technologies Corporation Decreased by Jefferies Group (UTX)

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of United Technologies Corporation from $118.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 27th. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Morgan Stanley boosted their target price on shares of United Technologies Corporation from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Deutsche Bank AG boosted their target price on shares of United Technologies Corporation from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Vetr upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $123.54.

United Technologies Corporation (NYSE:UTX) – Research analysts at Jefferies Group decreased their Q3 2017 EPS estimates for shares of United Technologies Corporation in a research note issued on Tuesday. Jefferies Group analyst H. Rubel now anticipates that the conglomerate will post earnings per share of $1.70 for the quarter, down from their prior estimate of $1.76. Jefferies Group currently has a “Buy” rating on the stock.

Shares of United Technologies Corporation (NYSE UTX) opened at 118.87 on Friday. The stock has a market capitalization of $95.24 billion, a P/E ratio of 18.51 and a beta of 1.07. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The company has a 50 day moving average price of $121.79 and a 200-day moving average price of $116.37.

Several large investors have recently made changes to their positions in UTX. Riggs Asset Managment Co. Inc. boosted its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of United Technologies Corporation by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of United Technologies Corporation by 2.7% in the fourth quarter. Tortoise Investment Management LLC now owns 1,031 shares of the conglomerate’s stock worth $113,000 after buying an additional 27 shares during the last quarter. Alexandria Capital LLC boosted its stake in shares of United Technologies Corporation by 0.4% in the first quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after buying an additional 4 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of United Technologies Corporation during the fourth quarter worth approximately $118,000. 78.39% of the stock is owned by institutional investors and hedge funds.

In other news, VP Robert J. Bailey sold 2,702 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $119.53, for a total value of $322,970.06. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at $597,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philippe Delpech sold 7,696 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $120.32, for a total transaction of $925,982.72. Following the completion of the sale, the insider now directly owns 63,621 shares of the company’s stock, valued at $7,654,878.72. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is presently 40.24%.

United Technologies Corporation Company Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.